Zacks: Brokerages Set $9.50 Price Target for Jerash Holdings (US) Inc (NASDAQ:JRSH)

Jerash Holdings (US) Inc (NASDAQ:JRSH) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus price objective of $9.50 for the company and are predicting that the company will post $0.45 earnings per share for the current quarter, according to Zacks. Zacks has also given Jerash Holdings (US) an industry rank of 27 out of 256 based on the ratings given to its competitors.

JRSH has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Jerash Holdings (US) from a “hold” rating to a “sell” rating in a research note on Wednesday, June 5th. ValuEngine downgraded shares of Jerash Holdings (US) from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st.

A hedge fund recently raised its stake in Jerash Holdings (US) stock. Royce & Associates LP grew its holdings in Jerash Holdings (US) Inc (NASDAQ:JRSH) by 32.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 149,860 shares of the company’s stock after purchasing an additional 36,393 shares during the quarter. Royce & Associates LP owned approximately 1.32% of Jerash Holdings (US) worth $1,101,000 at the end of the most recent reporting period. Institutional investors own 3.76% of the company’s stock.

Shares of NASDAQ JRSH traded down $0.08 during mid-day trading on Friday, reaching $7.40. The company had a trading volume of 2,562 shares, compared to its average volume of 8,495. The business’s 50-day moving average is $7.09 and its 200-day moving average is $7.08. The company has a current ratio of 7.41, a quick ratio of 4.62 and a debt-to-equity ratio of 0.01. The stock has a market cap of $84.79 million, a price-to-earnings ratio of 16.44 and a beta of 1.17. Jerash Holdings has a 52 week low of $4.77 and a 52 week high of $8.50.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.06). Jerash Holdings (US) had a return on equity of 17.07% and a net margin of 8.47%. The company had revenue of $22.53 million during the quarter, compared to analysts’ expectations of $21.70 million. As a group, equities research analysts forecast that Jerash Holdings will post 0.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Sunday, August 11th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Thursday, August 8th. Jerash Holdings (US)’s dividend payout ratio (DPR) is presently 44.44%.

About Jerash Holdings (US)

Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made sports and outerwear. The company offers jackets, polo shirts, crew neck shirts, pants, and shorts made from knitted fabric. It serves various brand-name retailers in the United States, Jordan, and internationally.

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